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CPS 230 Compliance and Maintenance

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For APRA-regulated entities, including banks, insurers and super fund(s), a new regulatory standard, CPS 230, comes into effect as of July 01, 2025.

CPS 230 places a strong emphasis on operational resilience, creating compliance pressure and provides an opportunity for transformation. The implications of CPS 230 for APRA-governed organisations and their boards could be profound. If you would like assistance in ensuring a seamless transition and ongoing compliance, read below.

Preparing for CPS 230 Implementation

As organisations gear up for CPS 230 implementation, several steps can facilitate a smooth transition and ensure compliance. AC3 are there to help you every step of the way.
Assess Current Practices
Conduct a comprehensive assessment of existing operational risk management, business continuity planning, and third-party risk management practices. Identify gaps and areas for improvement in alignment with CPS 230 requirements.
Develop an Implementation Plan
Develop a detailed implementation plan outlining tasks, timelines, and responsibilities for achieving compliance with CPS 230. Allocate resources and establish clear communication channels to streamline the implementation process.
Engage with Stakeholders
Foster collaboration and engagement with key stakeholders, including board members, senior management, and relevant departments. Ensure buy-in and alignment with CPS 230 compliance.
Conduct Training and Awareness Programs
Conduct training sessions and awareness programs to educate employees on CPS 230 requirements, their roles, and responsibilities in compliance, and the importance of robust risk management practices.
Strengthen Vendor Relationships
Enhance relationships with vendors to ensure they meet CPS 230 requirements.
Continuous Improvement
Regularly review, test, and enhance risk, continuity and third-party frameworks to stay compliant and resilient.

How AC3 can help

Operational Risk & Resilience Consulting
We design, implement and manage BC/DR solutions - including secure backup, failover infrastructure and disaster recovery-as-a-service – to ensure resilience and minimal downtime during an event.
Third-Party Risk Management and Supplier Oversight
AC3 evaluates, monitors, and manages third-party IT vendor risks through security due diligence, performance tracking, and contingency planning.
Cloud and Infrastructure Management for Resilience
AC3 manages critical cloud and infrastructure environments across AWS, Azure, and on-prem, ensuring high availability, security, and scalability. Managed services support your ability to maintain operations even during major incidents.
Incident Response Planning and Testing
We assist in designing and regularly testing incident response plans to ensure you’re prepared for operational disruptions.
Monitoring and Reporting on Critical Operations
AC3 implements and manages monitoring solutions for infrastructure and applications, providing visibility into system health and performance.
Security and Operational Control Integration
AC3’s security services - such as threat monitoring, vulnerability management, and security operations - provide the controls needed to underpin operational resilience.

Who needs CPS compliance?

Financial Institutions, including banks, credit unions, and other entities involved in financial services.
Insurance Companies, including general insurers, life insurers, and private health insurers.
Superannuation (Pension) Funds, crucial for protecting the interests of their members and maintaining regulatory compliance.

Why work with AC3 for CPS 230?

1. Government-grade security
Data protection is non-negotiable in the FS&I sector, and we take it just as seriously as you do. Trusted by leading financial institutions and government agencies across Australia and New Zealand, we provide top-tier security solutions. As a leading multi-cloud service provider, we ensure your data is compliant, safe, and accessible when you need it most.
2. Local people behind the technology
Our purpose is to make technology real to our customers and their customers. Real people power everything we do. Our onshore teams in Australia and New Zealand are committed to solving your challenges with deep industry knowledge and a personal touch. More than a provider, we’re a trusted partner.
3. Commitment to service
Time is money and your customer expectations are high. You need quick, reliable answers, not long wait times. That's why we've made responsiveness our top priority. When you reach out to us, our team is ready to help—fast.
4. Flexibility with AC3
Whether you’re navigating complex regulatory changes or embracing digital transformation, our flexible engagement model lets you choose how we work together. As one of the largest secure multi-cloud providers in Australia and New Zealand, we have the expertise and resources to deliver the results you need.

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